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December 28, 2023
Azad Engineering IPO, which was priced at Rs 524, received a good response from investors with 80.6 times subscription at close.
December 28, 2023
The IPO of Azad Engineering received good response from investors with 80.6 times subscription at close. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times. The retail part received 23.7 times bids.
December 28, 2023
The strong listing comes on the back of good interest shown by investors in the companys Rs 740-crore public issue. Qualified institutional buyers took the lead, buying 179.66 times the allotted quota
December 28, 2023
The investments of Saina Nehwal, PV Sindhu, and VVS Laxman have tripled. According to the prospectus, their adjusted acquisition price was Rs 228.17. Each of them holds 44,000 shares
December 28, 2023
India Business News: Sachin Tendulkar's investment bet on Azad Engineering has garnered him a notional profit of Rs 26.5 crore in the IPO, surpassing Mitchell Starc's rece
December 28, 2023
Sachin Tendulkar invested Rs 5 crore in a defence equipment manufacturer company earlier in March 2023.
December 28, 2023
India Business News: Azad Engineering has made a strong market entry with its shares trading at a 37.4% premium over the IPO price, starting at Rs 720 per share on the NSE
December 27, 2023
If the current trends are sustained, Azad Engineerings shares are expected to list at a premium of 53%. The issue was priced in the range of Rs 499-524.